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SBI to promote 13.19% stake in Sure Financial institution to Japan’s SMBC for $1.04 billion, ETCFO
The State Financial institution of India (SBI) on Friday introduced its choice to promote a 13.19% stake in personal lender Sure Financial institution to Japan-based Sumitomo Mitsui Banking Company (SMBC) for 88.89 billion rupees ($1.04 billion). The deal is priced at Rs 21.50 per share and entails the switch of over 413 crore fairness shares,…